Shares of Hewlett-Packard(HPQ) rose 2% after news that it dethroned Lenovo(LNVGF), retaking its position as the top maker of personal computers.

Apple(AAPL) sank more than 3% after reports surfaced that the company cut orders for iPhone 5 components due to weak demand.

United Parcel Service Inc(UPS) announced it is scrapping plans for a $6.8 billion merger with TNT Express NV(TNTEY), a smaller Dutch delivery company. UPS blamed the European Commission for ruining the deal, saying the EC's antitrust regulator wouldn't allow it.

At 4 p.m. ET, Federal Reserve chairman Ben Bernanke is scheduled to give a speech and take public questions at the University of Michigan.

U.S. stocks finished little changed Friday, a day after the S&P 500 closed at a 5-year high, as investors digested earnings from Wells Fargo(WFC) and a fresh batch of economic data.

S&P 500 companies are expected to report overall earnings growth of 2.4% for the last three months of 2012, according to FactSet Research. That's better than the 1% decline in the third quarter. But excluding the financial sector, earnings growth for S&P 500 companies is expected to be just 0.2%.

The Shanghai Composite added 3.1% after a government official hinted that foreign investment in China's capital markets could be allowed to expand dramatically. Meanwhile, the Hang Seng added 0.6% while Japan's Nikkei was closed for a holiday.